Redmond hospital sale is finalized
In another shift in the landscape of area health services in Northwest Georgia, the $635 million sale of Redmond Regional Medical Center to AdventHealth was finalized last October. AdventHealth renamed the facility AdventHealth Redmond in January and was still planning to keep the emergency medical services operation that includes a contract with Polk County.
“Redmond Regional Medical Center is a high-performing hospital with long-tenured leaders, team members and physicians who care deeply about this community,” said Mike Murrill, CEO at the 69-bed AdventHealth Gordon and now the CEO for Redmond. “I look forward to building on the facility’s legacy of clinical excellence, being active partners in the community and working with this team to care for our neighbors for years to come.”
The deal includes the 230bed hospital on Redmond Road along with Redmond’s related physician clinics, outpatient services and all existing equity interests.
AdventHealth is a faithbased hospital system headquartered in Florida. It operates more than 40 hospital facilities spread across Colorado, Missouri, Texas, Illinois, Wisconsin, Kansas, Florida, Georgia, Kentucky and North Carolina. Locally, AdventHealth operates hospitals in Calhoun and Chatsworth.
“We are blessed to have the opportunity to serve this community and look forward to offering whole-person care to more people through this outstanding facility,” said Terry Shaw, president/CEO for AdventHealth.
REGIONAL, NATIONAL ACCESS
Murrill will also become president of the regional alignment for AdventHealth.
His region will include the 42-bed Murray County hospital, and two short-term acute care facilities — AdventHealth Hendersonville near Asheville, with 109 beds and the 49-bed AdventHealth Manchester in Kentucky.
A concern to government and school leaders in Rome and Floyd County is what the sale will mean to the tax base, since AdventHealth is a nonprofit.
Redmond initiatives such as the Heart of the Community program are expected to continue under AdventHealth. Funds from that annual awards event each February have been pumped back into the community in a variety of ways.
The hospital has purchased defibrillator units for public buildings and exercise equipment for fitness stations along the trail through Ridge Ferry Park. A guest house for families of critically ill patients was constructed on the Redmond campus thanks to the Heart of the Community program.
The HCA business model has focused in recent years on its major metropolitan hospitals with the idea of being the No. 1 or No. 2 provider in those markets. Now-former Redmond CEO John Quinlivan said the Rome market has never really fit that model.
“So it made perfect sense for HCA to sell Redmond, and I think it makes perfect sense for Advent to buy Redmond,” Quinlivan said earlier. “They want to expand the services they’re offering and will continue to build on the great foundation that HCA has laid here in Rome with this hospital.”
In the past, Redmond has been partnered through HCA with Bartow County’s hospital. In this round of deals, Cartersville Medical Center was spun off to Piedmont Healthcare System of Atlanta.
“Now we’ll be partnered with Gordon under Advent,” Quinlivan said. “Gordon is slightly smaller than Cartersville but if you look at the services they offer, we’re fairly similar.”